FOR:
CANADIAN GENERAL INVESTMENTS, LIMITED
TSX:
CGI
LONDON STOCK
EXCHANGE: CGI
December 4,
2024
Canadian
General Investments: Investment Update - Unaudited
TORONTO, CANADA -
Canadian General Investments, Limited (CGI) reports on an unaudited
basis that its net asset value per share (NAV) at November 30, 2024
was $71.96 resulting in year-to-date and 12-month NAV returns, with
dividends reinvested, of 31.4% and 36.9%, respectively. These
compare with the 25.8% and 30.7% returns of the benchmark
S&P/TSX Composite Index on a total return basis for the same
periods.
The Company employs a
leveraging strategy, by way of bank borrowing, with the intent to
enhance returns to common shareholders. As at November 30, 2024,
the leverage represented 13.3% of CGI's net assets, down from 15.1%
at the end of 2023 and 15.7% at November 30, 2023.
The closing price for
CGI's common shares at November 30, 2024 was $40.97,resulting in
year-to-date and 12-month share price returns, with dividends
reinvested, of 21.1% and 22.6%, respectively.
The sector weightings
of CGI's investment portfolio at market as of November 30, 2024
were as follows:
|
Information
Technology
|
24.6%
|
|
Industrials
|
23.3%
|
|
Financials
|
12.9%
|
|
Energy
|
12.2%
|
|
Materials
|
11.8%
|
|
Consumer
Discretionary
|
9.5%
|
|
Real
Estate
|
4.1%
|
|
Communication Services
|
0.9%
|
|
Cash &
Cash Equivalents
|
0.7%
|
The top ten
investments which comprised 38.1% of the investment portfolio at
market as of November 30, 2024 were as follows:
|
NVIDIA
Corporation
|
6.8%
|
|
TFI
International Inc.
|
4.3%
|
|
The
Descartes Systems Group Inc.
|
3.8%
|
|
Apple
Inc.
|
3.7%
|
|
Canadian
Pacific Kansas City Limited
|
3.6%
|
|
WSP Global
Inc.
|
3.4%
|
|
West Fraser
Timber Co. Ltd.
|
3.3%
|
|
Shopify
Inc.
|
3.2%
|
|
Mastercard
Incorporated
|
3.1%
|
|
Franco-Nevada Corporation
|
2.9%
|
FOR FURTHER
INFORMATION PLEASE CONTACT:
Jonathan A.
Morgan
President
& CEO
Phone: (416)
366-2931
Fax: (416)
366-2729
e-mail:
cgifund@mmainvestments.com
website: www.canadiangeneralinvestments.ca